Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Hoover, a manufacturer of electrical goods, is to finish production at its site in Merthyr Tydfil with the loss of all 337 production jobs. Production is being halted on 14 March 2009 as Hoover says the costs of making goods at the site are too high. The company will keep its headquarters at the site, which will continue to employ 113 people.
Eurofound (2009), Hoover, Closure in United Kingdom, factsheet number 68460, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68460.